Crypto Needs Privacy To Scale in Payments: Binance Co-Founder CZ

The lack of privacy for onchain transactions is one of the biggest hurdles to the mass adoption of cryptocurrencies for payments and a medium of exchange, according to Changpeng Zhao, co-founder of the Binance cryptocurrency exchange.

The executive commonly known as “CZ” said the lack of privacy prevents businesses and institutions from paying expenses in crypto. He gave this example:

“Lack of Privacy may be the missing link for crypto payments adoption. Imagine a company pays employees in crypto…